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Vermont Senator Peter Welch meets with business leaders to discuss the economic impact of new U.S.-Canada trade tariffs.

Vermont Senator Peter Welch met with state business leaders at Jay Peak Resort to discuss the economic consequences of deteriorating relations between the United States and Canada. The meeting followed the implementation of a 50% tariff on Canadian goods by the administration, which has resulted in equal retaliation from Canada.

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Local businesses reported significant price increases. Mike Desmarais, CEO of the snow grooming vehicle company Track Inc, noted that a $1 million sale to New Brunswick would incur a $500,000 tariff. Steve Wright, President and CEO of the Jay Peak Resort, expressed concern that policies such as the renaming of Lake Ontario to Lake America are making Canadians hesitant to visit. Wright stated that while he does not wish to litigate the president personally, he can describe the policies of the administration. Vermont Governor Phil Scott and Representative Michael Marcotte also noted that the tariffs are negatively affecting business and international relations. Senator Peter Welch and Senator Kirsten Gillibrand are currently proposing legislation to partially reimburse businesses for these tariff costs.

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